Advertisements
Advertisements

Best Forex Brokers

These forex brokers offer the best platforms for all types of traders

Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links.The global foreign exchange (forex) market is the largest and most actively traded financial market in the world, by far.

Baca juga : Aplikasi jual foto

When looking for the “best” forex broker, both beginners and experienced traders generally look for several key features and benefits. Among the most important of these are: the overall trading experience, the breadth and depth of product offerings (currencies, CFDs, indexes, commodities, spread betting, cryptocurrencies, etc.), fees (including spreads and commissions), trading platform(s) (web-based, downloadable perangkat lunak, mobile, charting, and third-party platforms), customer support, trading education and research, and trustworthiness.Through extensive research and a strict adherence to our robust methodology, we have determined the best forex brokers in all of these areas and more, which has resulted in our top rankings below. Our mission has always been to help people make the most informed decisions about how, when, and where to trade and invest. Given recent market volatility and the changes in the online forex brokerage industry, we are more committed than ever to providing our readers with unbiased and expert reviews of the top trading platforms for traders of all levels, for every kind of market.Best Forex BrokersCMC Markets: Best Overall Forex Broker and Best for Range of OfferingsLondon Capital Group (LCG): Best Forex Broker for BeginnersSaxo Capital Markets: Best Forex Broker for Advanced TradersXTB Online Trading: Best Forex Broker for Low CostsIG:

Baca juga : Aplikasi crypto terbaik

Best Forex Broker for U.S. TradersPepperstone: Best Forex Broker for Trading ExperienceCMC Markets: Best Overall and Best for Range of OfferingsAccount Minimum: $0Fees: Spread cost; Additional charge for guaranteed stops; Commissions; Overnight financing costs; Inactivity feesBest for: Overall Forex Broker and Range of OfferingsCMC Markets (CMC), founded in 1989, is a well-established, publicly traded, and highly regarded U.K. forex broker that has successfully adapted to the ever-changing online brokerage landscape. The company is listed on the London Stock Exchange (LSE) under the ticker symbol, CMCX. Like many forex brokers, CMC does not accept U.S. traders.CMC Markets is for all types of traders, from the novice retail trader looking to dip their toes into the online trading arenas of forex, CFDs, and spread betting, to the experienced veteran seeking exposure to a broad array of products. The firm’s fees are competitive within the industry and it ranks high on several of our lists. The company is ranked as the winner for Investopedia’s Best Overall Forex Broker as well as Best Forex Broker for Range of Offerings in 2020.

Extensive range of offerings

Regulated by FCA (U.K.)

Emphasis on education & customer service

Research amenities are industry leading

Offers protection for client accounts

Does not accept U.S. clients

Differences between Next Generation and MT4

High CFD spreads for certain indices

No back-testing or automated trading capabilitiesLondon Capital Group (LCG): Best for BeginnersAccount Minimum: $0 (Standard); $10,000 (ECN)Fees: Spread cost; Additional charge for guaranteed stops; Premium added to either side of the bid/ask price for shares; Overnight financing costs; Inactivity feesBest for: BeginnersLondon Capital Group (LCG), founded in 1996, has continued to keep pace in the highly competitive online brokerage space. The company’s latest rebranding effort occurred in 2016 with the launch of LCG Trader. This, coupled with the ubiquitous MT4 (downloadable) platform and a functional mobile application, comprises LCG’s entire online offering to the consumer. LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes. Like most others on this list, LCG does not accept U.S. traders.As one of the major U.K.-based forex brokers, LCG offers a wide range of asset classes and a seamless trading experience. The firm’s fees are competitive within the industry and it ranks high on our list for customer service. With these positive attributes along with its apparent focus on functional simplicity, LCG is well-suited to beginning traders. Aside from rating highly overall, the company is ranked as the winner for Investopedia’s Best Forex Broker for Beginners in 2020. Although you certainly don’t have to be a beginner to benefit from its offerings, LCG is hard to beat if you are just starting out.

Baca juga : Aplikasi intip wa dan forex

Emphasis on customer service

Regulated by FCA (U.K.)

Offers protection for client accounts

Account and trading incentives available

Website maintenance substandard

Does not accept U.S. clients

Differences between LCG trader and MT4

No back-testing or automated trading capabilitiesSaxo Capital Markets: Best for Advanced TradersAccount Minimum: £500 (Classic – UK)Fees: Competitive FX spread costs; Host of additional costsBest for: Advanced TradersDenmark’s Saxo Bank Group (Saxo Bank), founded in 1992, classifies itself as “a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.” The company embraced the technological advancements of the late 90’s in launching one of the first online trading platforms in 1998. Saxo Bank has operated in the United Kingdom since 2006 through its subsidiary Saxo Capital Markets U.K. Ltd (SCML) and, like many forex brokers, it doesn’t accept U.S. traders.Saxo Capital Markets is for the advanced trader. It offers a broad variety of brokerage services geared towards canggih active traders, investors, professionals, and institutions. Smaller account holders will encounter a number of unusual obstacles that include higher account minimums, a variety of fees, and fewer customer support options. Tiered accounts lower trading costs and add benefits as equity grows, but the majority of retail traders will have a tough time reaching the higher customer tiers. The company is ranked as the winner for Investopedia’s Best Forex Broker for Advanced Traders in 2020.

Extensive range of offerings

Regulated by FCA (U.K.)

Industry’s best research

Superior user interface

Offers protection for client accounts

Lack of emphasis on customer service

Confusing instrument fee structures

Does not accept U.S. clients

Baca juga : Aplikasi membuat twibbon

No MT4XTB Online Trading: Best for Low CostsAccount Minimum: $0Fees: Spread cost; Commissions; Overnight financing costs; Inactivity feesBest for: Low CostsFounded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. It then rebranded to its current incarnation, XTB Online Trading (XTB), in 2009 and went public, listing on the Warsaw Stock Exchange in 2016 under the ticker symbol, XTB. The firm does not accept U.S. traders.XTB is a solid choice for traders that want to minimize their costs, whether it be the inherent cost of placing a trade (bid/ask spread) or not having to be burdened with extraneous costs, such as wire fees. XTB offers maximum leverage of up to 500:1 for non-U.K. accounts while U.K. accounts get up to 30:1 leverage. The firm places an emphasis on customer support and offers relevant educational tools and research amenities that would be well-suited to a novice trader. This company is ranked as the winner of Investopedia’s Best Forex Broker for Low Costs in 2020.

Regulated by FCA (U.K.)

Offers protection for client accounts

Emphasis on customer service

Does not accept U.S. clients

Non-FX spread costs are high

No guaranteed stop loss